Nigeria Becomes Third Largest IDA Debtor, Secures $2.2bn Under Tinubu

Nigeria Becomes Third Largest IDA Debtor, Secures $2.2bn Under Tinubu …C0NTINUE READING HERE >>>

Nigeria has become the third largest debtor to the World Bank’s International Development Association (IDA) as of June 30, 2024, marking a significant increase in the country’s borrowing from the institution.

This development has reflected substantial shift in Nigeria’s financial landscape under the administration of President Bola Tinubu.

According to the World Bank’s latest financial statements, Nigeria’s exposure to the IDA has surged by 14.4%, rising from $14.3 billion in the…

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